Short LILMNo clue what these people do, longed .5 and sold 1.16. Tight stop and may get blown out.....Will add with candle under MA
Nasdaq100
NASDAQ Elliott Wave Analysis for Thursday 15/06/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hour, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
Microsoft Technologies CorporationIt's important to note that Elliott Wave Theory can be subjective, and interpretations can vary among analysts. It's also worth mentioning that Elliott Wave analysis should be used in conjunction with other technical analysis tools and factors such as fundamental analysis and market conditions to make well-informed investment decisions.
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Trend following trading strategy (works on all markets)This strategy is a trend following strategy to be applied when the market is uptrending. It demonstrates the significance of breakout levels which are very often retested prior to continuation to the upside.
For Trend visualisation, 10, 20 and 50 Moving averages are used.
If you apply ONLY this setup and and nothing else, you will have a statistical edge and be consistently profitable!
All other info is on the chart.
Good luck!
NASDAQ Elliott Wave Analysis for Wednesday 14/06/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hour, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
Nasdaq levels to watch & potential move. US100 📈Hello guys, Everything is marked on the chart for you like always. Monitor the price's action in the circles to enter your position.
Good luck.
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USNAS 100 4H USNAS 100
if it falls above 14812 in the next 4 hours the direction will rise to 14954 then 15093 then 15264
but if it below 14812 the direction will go down 14672 then 14471 then 14301
pivot price: 14812
resistance price: 14954 & 15093 & 15263
support price: 14672 & 14471 & 14301
tendency: uptrend
timeframe 4h
NASDAQ Elliott Wave Analysis for Tuesday 13/06/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hour, we see 5 waves up and wave 5 is clearly ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders can initiate a short (against the higher timeframe) or go long after the pullback (aligned with the higher timeframe).
Japan Inflation Ni225 | JPYUSD problematic situation unfolding
Seeing major problems unfolding in Japan right now due to the QE of Japanese Government Bonds.
This is almost like a repeat of 1980-1990s Japan's M3 has gone exponential to the point some of this Yen is causing local inflation to rise.
When Japan was forced to raise rates due to the Ni225 creating unwanted inflation Japan's equity market imploded and the rush to Japanese YEN commenced.
This caused the Japanese YEN strength against the US Dollar to to climb flooding purchasing power back into the US equity markets contributing to sending the Dow 478%.
Talk about a problematic situation if Japan's Inflation bubble gets too big in Japan its going to send them back to the 80s.
We are at the start of a few G7 countries losing control of their entire financial system that leads to Hyperinflation.
225% Government debt to gdp is never scary, well until inflation starts to rise and you now need to deal with it.
US Inflation Trading Opportunities Ahead US Inflation Trading Opportunities Ahead
The next two days' worth of trading could turn out to be particularly interesting due to the sharp drop in CPI expected on (US time) Tuesday as well as the market being (over?) confident that the Fed is going to pause its rate hiking cycle on Wednesday.
According to the CME Group's FedWatch tool, traders are factoring in a 74% probability of no hike. The inflation data released on Tuesday could further support the argument that inflation is decreasing. The consensus among analysts is that the consumer price index will reveal a drop in inflation to a 4.1% annual rate in May, compared to 4.9% in the previous month.
A 74% chance means that stakes on the no-hike should be significant enough that if the market is wrong, a significant correction could be on the cards. A 74% chance is far from certain, and we might see a replay of what happened in the Canadian Dollar a week ago, where the market was confident that the BoC would continue its rate hike pause but was surprised when it came through with a 25bps hike.
Assets to watch will be US indices, US dollar pairs, and gold. Last week, the S&P 500 achieved a significant milestone by gaining 20% from its October low. Meanwhile, the Nasdaq Composite has experienced an even more remarkable performance, soaring 33% from its lowest point in the past 52 weeks.
Optimism in these two indices might wane with inflation read above expectations (although the data is coming in too late to have a major impact on the Fed decision the following day).
US dollar trades against the GBP might be in play with UK-based economic data causing a bit of turmoil and uncertainty. The Pound has recently declined from its highest point in the past year, which aligns with a rise in the two-year bond yield, reaching its highest level since the market turbulence that followed Liz Truss's mini-budget announcement.
NQ1! NAS100USD NASDAQ 2023 JUNE 12NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = tighten stops on longs / wait
2) When additional weakness emerges = Short on test and rejection of recent high / lower high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend to be intact.
Price Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: 09 June ultra low volume S>D up bar
*NTC = Non-Trend Changing
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Have a profitable trading week.
*For education purpose only.
NDX Formed A Potential Reversal Pattern on June 9The NASDAQ:NDX may have formed a key 2b Top reversal pattern on Friday, June 9. The intraday high surpassed the high seen on Monday, June 5. However, the index closed below the closing high seen on that day. This is a rejection of the recent high, and if the index does not close above June 5, it is likely to indicate that the NDX falls lower towards a gap at 13,600.
NAS100 Sell ConsensusLooking for a drop off to occur in the market soon.
Seasonality wise speaking June tends to be negative. Thus, I would like to see a drop in the next couple of weeks.
There are two levels above which I have drawn out and will watch price once we clear either of those highs looking for bearish price action.
The targets are also outlined, and once reached, will re-evaluate the scenario to see if we get further downside.
Nasdaq: Taking a Break… 😮💨Currently, Nasdaq is taking a break from the exhausting ascent it has realized from the low of wave iv in turquoise. However, we expect the index to activate some more upwards momentum, expanding wave v in turquoise so that a higher top of wave i in orange can be reached. This done, Nasdaq should turn downwards and drop below the support at 13 566 points to develop wave ii in orange. There is a 40% chance, though, that the index could bounce off this mark, finishing wave alt.iv in turquoise instead. In that case, we would expect a delayed expansion of wave alt.ii in orange and thus a delayed drop below the mentioned support line.
We Must Expect a Bounce in NASDAQ !!!Technical Analytics:
- It's doing a wave ((1)) in black
- H1 and H4 right side is up
Technical Information:
- If you're a position trader, you must wait for all time high and only buy after when the correction ABC or WXY is complete
- For swing trader you need to wait for more data